Western Canadians Show Strong Appetite for Debt

By

Rita Trichur

Jun 9, 2014 12:59 pm ET

Canadians are racking up more debt, and western Canadians are showing the strongest appetite for carrying bigger debt loads.

Credit bureau Equifax Canada Monday released new data that found overall consumer demand for new credit increased by 2.7% in the first quarter compared to the same period last year. The overall increase masked a regional split–demand in western Canada rose by 6.5% on year-over-year basis, whereas demand fell by 2.8% in the eastern part of the country.